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BRIEF-Western Finalizes Purchase Of Foothills Creamery Ltd.

Published 2018-02-26, 09:57 a/m
© Reuters.  BRIEF-Western Finalizes Purchase Of Foothills Creamery Ltd.
WI
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Feb 26 (Reuters) - Western Investment Company Of Canada Ltd WI.V :

* WESTERN FINALIZES PURCHASE OF FOOTHILLS CREAMERY LTD.

* SAYS EXECUTED A PURCHASE AND SALE AGREEMENT FOR PURCHASE OF A 90% OWNERSHIP STAKE IN FOOTHILLS CREAMERY LTD

* SAYS PURCHASE PRICE FOR DEAL IS SET AT $27.6 MILLION, SUBJECT TO ADJUSTMENTS

* SAYS WILL OWN 50% OF FOOTHILLS WITH ATB CAPITAL & FOOTHILLS CEO DON BAYRACK RETAINING OTHER 50%

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